Dairy industry’s proposal to increase milk price by Rs 10 per liter
The dairy industry has proposed increasing the price of milk by 10 rupees per liter. According to the Nepal Dairy Association, it has proposed increasing the price of milk by 10 rupees per liter based on the production cost of milk. The proposal has been sent to the Cabinet. Every year, the National Dairy Development…
Global dairy prices goes down by 1.5%
Global Dairy Trade Event 326 concluded with the GDT Price Index down 1.5% and average price closed at USD 3414 per Metric ton. A total trade of 30693 MT of dairy commodities was carried out during this event. The price of various commodities are as follows : AMF index down 2.6%, average price US$5,447/MT Butter index up 3.8%,…
FAO, WHO Report on Food Safety of Water Reuse in Dairy
The Food and Agriculture Organization of the United Nations (FAO) and the World Health Organization (WHO) recently published a report that provides guidance for the dairy industry on food-safe sourcing, use, and reuse of fit-for-purpose water. The report is based on a Joint FAO/WHO Expert Meeting on Microbiological Risk Assessment (JEMRA) session that was convened online from…
Milk price reaches Rs210 a litre in uncertain economic conditions
In uncertain economic conditions, consumers continue to receive severe price shocks following an unchecked hike in the prices of daily use items, including loose milk, which has been increased to Rs210 from Rs190 per litre by some shopkeepers and live broiler chicken which has seen an increase of Rs30-40 per kg in the last two…
Saputo prioritises value over volume to keep dairy “affordable”
Saputo has flipped its focus to value over volume after a challenging couple of years characterised by supply chain and inflationary pressures. As input costs “remain high” across the supply chain and wages, president and CEO Lino Saputo, Jr., said the Canadian dairy major is “focused on executing cost savings in addition to pricing initiatives…
Israeli development to change how we consume dairy products
Antibiotic-resistant bacteria are one of the greatest health risks facing humanity because they keep multiplying, and antibiotics lose their effectiveness as their use increases. The Israeli biopharmaceutical company Mileutis based in Ness Ziona is currently considered one of the global pioneers in this field. The company developed a biological preparation designed to treat the most serious…
Solid performance and sustainability action in volatile year by ARLA
Arla Foods navigated the inflationary environment of 2022 effectively, delivering a strong performance that enabled it to deliver a significant increase in its prepaid milk price and an above target supplementary payment to its farmer owners of 2.2 EUR-cent per kg milk for the full year. The European dairy cooperative also took significant steps on…
Remilk defers plan for world’s largest precision fermentation facility
Israeli startup Remilk—one of the best-funded players in the nascent animal-free dairy space—has hit pause on plans to build a large-scale precision fermentation facility in Denmark and is instead ramping up production of whey protein (made by microbes, not cows) with a contract manufacturer in western Europe, which it claims will enable it to hit production…
Can Danone reach its climate goals without scaling own farming?
Last month, the French food company Danone — owner of milk and yogurt brands like Activia and Horizon Organics — pledged to cut absolute methane emissions from its milk supply chains by 30 percent by 2030, making it the first major food company with a methane-specific emissions target. Green groups have applauded the new pledge. Methane is a greenhouse…
Global dairy prices improves at GDT auction on Feb 7th
The global dairy index as shown a 3.2% increase since the last event. The average dairy price has reached to USD 3456 per MT on Feb7th 2023. The prices with % change for various commodities is being shown as below. Global dairy trade event 325 results Feb 07 2023 A total volume of 32582 MT…